{"690908":{"#nid":"690908","#data":{"type":"external_news","title":"US gas prices dip below $4 for 1st time since March but remain 25% higher than last year","body":"","field_subtitle":"","field_summary":[{"value":"\u003Cp\u003ENEW YORK (AP) \u2014 The average U.S. price for a gallon of gas fell below $4 on Thursday, hitting a level not seen since the first full month of the \u003Ca href=\u0022https:\/\/apnews.com\/article\/iran-us-agreement-blockade-oil-vance-trump-888fd5ad6543ed9ec4189e609d7c53b1\u0022\u003Ewar with Iran\u003C\/a\u003E and providing a bit of relief to consumers squeezed by soaring costs.\u003C\/p\u003E\u003Cp\u003EResearch has shown that short-term swings in the cost of gas leads consumers to adjust their driving and wider spending, with some even pulling back on core necessities such as groceries when gas prices get high, said Dylan Brewer, an assistant professor in Georgia Tech\u2019s School of Economics.\u003C\/p\u003E\u003Cp\u003EIf costs continue to fall in the coming weeks, he said, more people may be able to \u201cloosen their belts a little bit.\u201d Businesses that rely on gas and diesel to transport their goods will also benefit, but it could take a few months for that to trickle through the supply chain, Brewer added.\u003C\/p\u003E","format":"limited_html"}],"field_summary_sentence":"","uid":"36413","created_gmt":"2026-06-24 20:14:57","changed_gmt":"2026-06-25 13:26:56","author":"pdevarajan3","boilerplate_text":"","field_publication":"","publication":"AP News","field_article_url":"","publication_url":"https:\/\/apnews.com\/article\/gas-iran-trump-aaa-72d8e7d7c9dcd0795c37a51864fce8a6","dateline":{"date":"2026-06-18T00:00:00-04:00","iso_date":"2026-06-18T00:00:00-04:00","tz":"America\/New_York"},"extras":[],"groups":[{"id":"1188","name":"Research Horizons"},{"id":"367481","name":"SEI Energy"},{"id":"1280","name":"Strategic Energy Institute"}],"categories":[{"id":"131","name":"Economic Development and Policy"},{"id":"144","name":"Energy"},{"id":"151","name":"Policy, Social Sciences, and Liberal Arts"},{"id":"135","name":"Research"}],"keywords":[{"id":"188853","name":"go-seiinthenews"},{"id":"188776","name":"go-research"}],"core_research_areas":[],"news_room_topics":[],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[],"email":[],"slides":[],"orientation":[],"userdata":""}}}